eBay (NASDAQ:EBAY) Price Target Raised to $35.00

eBay (NASDAQ:EBAY) had its price objective boosted by Morgan Stanley from $34.00 to $35.00 in a research note published on Tuesday morning, BenzingaRatingsTable reports. They currently have an equal weight rating on the e-commerce company’s stock.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus reaffirmed a hold rating and set a $42.00 price objective on shares of eBay in a research report on Monday, November 25th. Raymond James cut shares of eBay from an outperform rating to a market perform rating and set a $42.00 price objective for the company. in a research report on Thursday, October 24th. Credit Suisse Group set a $48.00 price objective on shares of eBay and gave the stock a buy rating in a research report on Friday, October 11th. Deutsche Bank reiterated a neutral rating and set a $42.00 price target on shares of eBay in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group lowered shares of eBay from a hold rating to an underperform rating and set a $31.00 price target on the stock. in a research note on Thursday, January 9th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $42.23.

Shares of eBay stock traded down $0.51 during trading on Tuesday, hitting $35.11. 4,292,724 shares of the stock were exchanged, compared to its average volume of 6,451,595. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The firm’s 50-day moving average price is $35.62 and its 200 day moving average price is $37.82. eBay has a 12-month low of $32.33 and a 12-month high of $42.00. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.41 and a quick ratio of 1.41.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.65 billion. eBay had a net margin of 18.33% and a return on equity of 41.12%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 EPS. As a group, research analysts forecast that eBay will post 2.28 earnings per share for the current year.

In other news, SVP Wendy Elizabeth Jones sold 7,878 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $35.73, for a total transaction of $281,480.94. Following the transaction, the senior vice president now directly owns 39,000 shares in the company, valued at $1,393,470. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.22% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC acquired a new position in shares of eBay during the third quarter worth about $26,000. Equitec Specialists LLC purchased a new stake in eBay during the fourth quarter worth about $34,000. Doyle Wealth Management purchased a new stake in eBay during the second quarter worth about $39,000. Hussman Strategic Advisors Inc. purchased a new stake in eBay during the third quarter worth about $39,000. Finally, North Star Investment Management Corp. purchased a new stake in eBay during the third quarter worth about $55,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Analyst Recommendations for eBay (NASDAQ:EBAY)

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